As Mark notes, there is a very healthy demand for rental property in the two cities because of the disproportionately high population of 25-29 year olds, the group most likely to rent. Young professionals are attracted by MediaCity UK in Salford and the increasing numbers of businesses moving to the area. On top of that, with three universities providing education for around 90,000 students, Manchester and Salford are positively bustling with people seeking rental property!

Although buy-to-let has become somewhat less appealing since the stamp duty rise that came into being in April 2016, it remains a good option for those wishing to grow wealth through bricks and mortar rather than stocks and shares. While in cities like Manchester and Salford there is no shortage of renters, there are some pitfalls to be aware of. For example, how would you manage if the property stood empty for a while? Would you be able to afford maintenance? Can you afford the substantial arrangement fee that comes with the best rate buy-to-let mortgages? Will you use an agent to manage the property, and if so, have you factored that cost into your plans?

There are also many pluses! As a buyer you have no chain and are therefore in a good position to haggle for a good price on the property. Buying a house that needs some renovation offers a quick way to add value to the investment. And, of course, earning a rent that is substantially above the mortgage payment allows for investment – or for saving for another deposit. And with high demand noted above, Manchester and Salford are ideal places to consider buy-to-lets!

As with any major financial decision, it’s essential that you do your homework – and speaking to a mortgage broker, particularly one with expert knowledge of the local area, is important to ensure you get the best possible deal.

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Manchester Mortgages are Alan Dee and Andrew Butterworth.Alan and Andy have both lived in Greater Manchester since they were born. With over 40 years of combined experience in mortgage brokering they are specialists on every part of getting a mortgage in Greater Manchester.

Customer Reviews

I can not recommend Manchester Mortgages enough, from our very first mortgage to our remortgage everything was done so efficiently. No question was a stupid question for Andy he explained everything we needed and constantly kept us updated through out both processes. Literally helped us so much. Thank you again Ash & Jessread more

We dealt with Alan Dee at Manchester Mortgages and I am glad we chose to go with this mortgage broker. I wasn't expecting everything to happen so so fast, which it did. Alan processed everything quickly and efficiently, and he always kept us up to date in regards to what stage we were at with the mortgage process. I'm not thinking of getting a mortgage after this in the future, but if I was to, I would definitely be going back to Manchester Mortgages. Thank you very much for your brilliant service, Alan!read more

Cannot recommend Andrew Butterworth enough. He helped us every step of the way and answered all our questions no matter how silly we thought they were. Would not hesitate to recommend them to anyone. Thank you Andrew for everything.

Manchester Mortgages have been great we didnt think we would get a mortgage but Andrew helped us to achieve this. Andrew as been great all the way through the process and has even helped sort out our life insurance and building and contents insurance. Nothing is too much trouble for him. Would definitely recommend this company.read more

Alan has made the impossible possible for paul and I. We had contacted several mortgage brokers to no avail until Alan was recommended to us. We are so glad we asked for his expertise and services because we are due to complete on the house of our dreams in 4 weeks time with a mortgage offer for much more than we ever thought possible. Thank you so much Alan we will be recommending you to anyone and everyone. Paul and Jordanread more

I was recommended Alan Dee at Mortgages 4U by a friend. He was really quick every time I contacted him to answer. I took my time ot think about things and he wasn't at all pushy, just allowed everything to work in my time and was quick when I was ready to move forward. There was no hassle with getting it sorted - he pretty much sorted everything for me. I'd certainly recommend him to others. Thanks!read more

I dealt with Andrew from Manchester Mortgages. As a First time buyer, I didn't have a clue about mortgages. Andrew was extremely knowledgeable, speedy and efficient. Nothing was too much of an ask. He made the mortgage process an easy one! I now have a mortgage in place thanks to Andrew. I am so happy I decided to use Manchester Mortgages and I would recommend them to anyone!read more